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New Products Including Sony PS VR2 and Meta Quest 3 Will Push Global Shipments of VR Devices to 10.35 Million Units for 2023, Says TrendForce

29 November 2022

TrendForce estimates that global shipments of VR devices will come to around 8.58 million units for 2022, showing a YoY drop of 5.3%. There are three notable factors behind the decline. First, the ongoing high inflation has been suppressing the consumer demand for end products this year. Second, VR brands have either opted to not release a new product this year or pushed back the schedule for releasing a new product. Lastly, the demand for Meta’s Quest devices has been dampened by a significant pricing adjustment. As for 2023, TrendForce forecasts that global shipments of VR devices will bounce back to a total of 10.35 million units and show a YoY growth of 20.6%. New products including the Sony PS VR2 and the Meta Quest 3 are scheduled for release next year, so they are expected to be a significant demand driver.

Projected iPhone Shipments for 4Q22 Has Been Lowered by 2~3 Million Units as Foxconn’s Base in Zhengzhou Temporarily Keeps Capacity Utilization Rate Around 70%, Says TrendForce

2 November 2022

Zhengzhou, the capital China’s Henan Province, was hit with a wave of COVID-19 outbreaks in the middle of October. The spread of the disease eventually reached Foxconn’s manufacturing base, where the number of infections rose significantly in late October. This event has thus directly affected the performances of the iPhone production lines that are deployed within the base. In its latest investigation of this event, TrendForce finds that the capacity utilization rates of the iPhone production lines have climbed back to around 70% as the local outbreaks are being gradually brought under control.

Economic Headwinds Intensify, Inventories Await Depletion, Global Notebook Shipments Forecast at Only 176 Million Units in 2023, Says TrendForce

2 November 2022

According to TrendForce, global notebook shipments in 4Q22 are likely to decline to 42.9 million units, down 7.2% QoQ and 32.3% YoY, lower than the same period before the pandemic. In addition, market demand is affected by negative factors such as inventory, the Russian-Ukrainian war, and rising inflation, leading to a downward revision of notebook market shipments in 2022 to 189 million units, a 23% decline YoY, with the proportion of shipments in the first and second half of the year at 53:47, the first top-heavy scenario in the past ten years.

iPhone 14 Pro Sales Favorable Yet Cannot Vanquish Rising Inflation, Apple Cuts 1Q23 Production to 52 Million Units, Says TrendForce

25 October 2022

Looking at Apple's 2022 sales, the company began adjusting the proportion of new products after the initial wave of pre-orders. The market response after the release of the iPhone 14 Plus was lukewarm, escalating Apple's product adjustment process. The iPhone 14 Pro series boasts improved specifications yet unit prices are the same as last year's models, making pre-orders for the Pro series highly popular. In the past, the Pro series was the first choice for the earliest wave of users. In addition, the delayed launch of the 14 Plus this year has led to more concentrated buying than in previous years. TrendForce indicates that the production ratio of the two models of the iPhone 14 Pro series has been increased from the initially planned 50% to 60% and it cannot be ruled out that this ratio will continue rising to 65% in the future. At present, the overall proportion of new iPhone models in Apple's shipments will remain at 36% and the company’s 2022 iPhone shipment target is 240 million units, an annual increase of 2.8%.

Consumer Budgets Shrink, Global OLED TV Shipments Forecast to Decline to 6.67 Million Units for the First Time in 2022, Says TrendForce

19 October 2022

According to TrendForce investigations, global TV shipments in 3Q22 reached 51.39 million units, growing 12.4% QoQ and falling 2.1% YoY. As the shadow of rising inflation envelops the world, consumer product budgets have become seriously constrained, indirectly inhibiting the willingness to purchase TV products. Entering the fourth quarter, TV brands have launched large-scale promotions in order to surge this year's shipments. TV shipments in 4Q22 are expected to increase by 10.8% QoQ to 56.96 million units, but still down 3.5% compared with the same period last year and a new low for the period. Under the influence of factors such as the Russia-Ukraine conflict, rising inflation, and interest rate hikes, global TV shipments in 2022 are estimated at only 202 million units, falling 3.8% YoY, and the lowest level in the past decade.

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